RATHORE FREIGHT CARRIERS PVT. LTD.,,GANDHIDHAM-KUTCH vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1)(2),, AHMEDABAD
In the result the appeal filed by the assessee is allowed
ITA 3296/AHD/2016[2012-13]Status: DisposedITAT Ahmedabad30 Mar 2022AY 2012-13
Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./Ita No. 3296/Ahd/2016 िनधा"रण वष"/Asstt. Year: 2012-13 Rathore Freight Carriers Pvt. Ltd., D.C.I.T., Plot No.68, Rathore Chamber, Vs. Central Circle-3(1)(2), National Highway, Ahmedabad. Sector No.9/C, Gandhidham, Kitch-370201. Pan: Aabcr0134L
For Appellant: Shri Tushar Hemani, Sr. Advocate, with Shri P.B. Parmar, A.RFor Respondent: Shri R.R. Makwana, Sr.D.R
Section 234BSection 271Section 36Section 36(1)(iii)Section 40
condone the delay of 415 days in filing the appeal and proceed to hear the appeal on merit for the purpose of adjudication.
6. The 1st issue raised by the assessee is that the learned CIT(A) erred in confirming the disallowance made by the AO for Rs. 3,15,000/- on account of diversion of interest-bearing fund
